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People Respond to Incentives
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People Respond to Incentives
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0. Basic Principles of Economics / People Respond to Incentives / Problem 1
Problem 1
How do individuals typically respond to economic incentives?
A
They ignore them and continue with their usual behavior.
B
They become less efficient in their decision-making.
C
They exploit opportunities to improve their well-being.
D
They rely solely on government guidance.
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